FDx Advisors Inc. Acquires Shares of 8,248 Federated Investors, Inc. (FII)
FDx Advisors Inc. acquired a new position in Federated Investors, Inc. (NYSE:FII) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,248 shares of the asset manager’s stock, valued at approximately $245,000.
Several other large investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Federated Investors by 3.5% in the second quarter. FMR LLC now owns 9,096,091 shares of the asset manager’s stock worth $256,965,000 after acquiring an additional 304,322 shares during the period. Great West Life Assurance Co. Can grew its position in Federated Investors by 2.5% during the second quarter. Great West Life Assurance Co. Can now owns 3,559,839 shares of the asset manager’s stock valued at $100,345,000 after buying an additional 86,778 shares during the period. State Street Corp grew its position in Federated Investors by 2.1% during the second quarter. State Street Corp now owns 2,723,154 shares of the asset manager’s stock valued at $76,930,000 after buying an additional 56,121 shares during the period. Dimensional Fund Advisors LP grew its position in Federated Investors by 21.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,603,455 shares of the asset manager’s stock valued at $73,546,000 after buying an additional 451,268 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Federated Investors by 46.5% during the second quarter. Bank of New York Mellon Corp now owns 2,248,244 shares of the asset manager’s stock valued at $63,513,000 after buying an additional 713,994 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.
Shares of Federated Investors, Inc. (NYSE:FII) opened at $31.38 on Thursday. Federated Investors, Inc. has a 52-week low of $24.93 and a 52-week high of $31.82. The stock has a market cap of $3,165.36, a PE ratio of 14.94, a PEG ratio of 2.88 and a beta of 1.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.33 and a quick ratio of 1.89.
Federated Investors (NYSE:FII) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.03. Federated Investors had a net margin of 19.32% and a return on equity of 34.54%. The business had revenue of $278.32 million for the quarter, compared to analyst estimates of $278.51 million. During the same quarter last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. sell-side analysts forecast that Federated Investors, Inc. will post 2.15 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.19%. Federated Investors’s dividend payout ratio (DPR) is 47.62%.
Several analysts recently commented on the stock. ValuEngine lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Sunday, November 12th. Keefe, Bruyette & Woods restated a “sell” rating and set a $31.00 price target on shares of Federated Investors in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, October 31st. Citigroup Inc. raised their price target on shares of Federated Investors from $22.00 to $24.00 and gave the company a “sell” rating in a research report on Tuesday, October 31st. Finally, Argus lowered shares of Federated Investors from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.75.
In other news, VP John B. Fisher sold 6,460 shares of Federated Investors stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $31.49, for a total value of $203,425.40. Following the sale, the vice president now owns 508,445 shares in the company, valued at $16,010,933.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 7,776 shares of company stock worth $244,827. Company insiders own 7.10% of the company’s stock.
About Federated Investors
Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.
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